project7 on Farcaster

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Project7 pfp

People are suddenly acting irrational about tipping and @mcdegen, misjudging its benefits due to farmers. Here are some key points to consider: 1. Is the degen tipping system, solely based on Open Rank, really better? If high daily tippers never need to buy $degen and recipients just sell, who is actually buying $degen? 2. What about the L3 chain? Will Degen abandon it after this drama? Mint Club and @mcdegen have played a key role in L3, locking in significant value. Without this, L3 may struggle to sustain itself. 3. Spammers and abusers will always exist. They often outsmart the system, so instead of eliminating them at the cost of good users, the system should make their actions beneficial. The discussion should focus on this rather than attacking @mcdegen users. (1/2)

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Project7 pfp

I’ve been running the $chick token for the /chicken coin ecosystem, investing over 2M $degen—mostly my own money. Using the daily allowance, I buy $chick on L3 every day and engage with the /chicken community for fun. I’ve never sold my tokens. Am I not just another L3 participant trying to use the system in a positive way? I truly believe this benefits the ecosystem. Are we now abandoning these efforts in favor of “sophisticated elite” Farcaster users who receive tons of “free” tips without ever investing, while small users struggle to get any? That’s not a sustainable path for the $degen ecosystem. (2/2)

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sebayaki.eth pfp

Agreed. Abuse isn’t the core issue to solve. Right now, we should focus on growing the entire ecosystem, including the Farcaster and Degen communities.

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Kat pfp

I agree!! Not everyone is a bad actor and not fair bring this into the rest of us! 300 $degen

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Mohammad 🎩 pfp

I know the system ain’t incorrect but the farmers are using the @mcdegen incorrectly to make their bags and this ain’t a mistake of @mintclub or @mcdegen

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deconomic$.degen.eth🎩 pfp

deconomic$.degen.eth🎩

@thetruegreatone.eth

Very useful, i used it to fund child tokens, airdrops etc. I agree, tools can't be blamed for every broken car.

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deconomic$.degen.eth🎩 pfp

deconomic$.degen.eth🎩

@thetruegreatone.eth

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NFThreat ↑ pfp

this move by the team just sank everybody who build on degen L3

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soli pfp

after reading many cast of this channel i fully agree with you 69 $DEGEN

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Mujeeb pfp

A voice of reason! You're absolutely right; the recent backlash against @mcdegen and its tipping system seems irrational and misinformed. Your points highlight the importance of considering the bigger picture and the potential consequences of abandoning the system. 1. The tipping system's design and its impact on $degen demand are crucial to understand. If high daily tippers don't need to buy $degen, and recipients sell, who indeed is buying $degen? 2. The potential consequences for the L3 chain are significant. Mint Club and @mcdegen have played a vital role in L3's growth, and their departure could harm the ecosystem. 3. Your point about spammers and abusers is well-taken. Instead of trying to eliminate them entirely, the focus should be on designing a system that makes their actions beneficial or neutral. Let's hope this discussion can shift from emotional reactions to a more nuanced and informed exploration of the issues at hand.

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Oppenheimer.base.eth 🎩 pfp

Oppenheimer.base.eth 🎩

agreed. 👍 10 $DEGEN

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